According to a PayMaxx press release, Fast401(k) is primarily aimed at small companies – those with 100 or fewer employees. Although primarily an online plan, participants can also access it through a voice response unit or by calling a customer service representative.
Plan sponsors could either administer the 401(k) through their PayMaxx representative or use the Power401K Web site.
Plan sponsors can choose to offer any of 100 no-load and
load-waived mutual funds in 15 asset classes from money
managers such as Vanguard, Fidelity, Oppenheimer and